![]() ![]() NADA and KBB also have some key differences in determining car pricing : KBB provides a fair market range, while NADA provides three values based on the condition of your trade-in.Ĭonstantly Updated: NADA and KBB reflect current market trends and constantly update their pricing information. Range of Values: Both NADA and KBB provide multiple values for trade-ins. Multiple Price Options: NADA and KBB each provide trade-in values and retail values. NADA also has a consumer-facing website,, which provides pricing information on new and used cars as well as classic cars, motorcycles, recreational vehicles (RVs), boats, and motor homes. Power, another industry-leading data company. ![]() Since 1933, the Used Car guide has been a trusted and valuable resource for dealers to set retail prices and calculate trade-in values. NADA publishes the Official Used Car Guide, which provides used car values for dealers across the United States. NADA stands for the National Automobile Dealers Association, which is a trade organization that represents all franchised new-car dealers. Is one more accurate than the other? And what are the differences between these two pricing guides? We have the important answers, but first here's a brief description of each : NADAGuides You’ve probably heard of the most common two: NADA Guides and Kelley Blue Book ®. Luckily there are plenty of pricing tools available to help you figure out how much a vehicle is worth. “Dealer-owned vehicles have represented the majority of our daily postings for most of the last year as dealers find online remarketing to be the best source for buying and selling their used inventories,” he continued.Īccording to the company, dealers purchased about 412,000 units via the platform in 2010, with about 104,000 units, or more than 25 percent of the volume, from dealers and leading consignors of rental, repossession and independent auction inventory.Īdditionally, Canadian dealers purchased a record 89,000 units on the SmartAuction Canada site, bringing total North American purchases to about 501,000 units.If you’re buying or selling a used car, you’ll want an accurate valuation of the vehicle to know if it’s fairly priced. ![]() Dealer-to-dealer transactions are critical to help dealers keep their used inventories stocked with the right vehicles for their local markets,” Newman stressed. “There is a shortage of high-quality used vehicles in the market as the number of off-lease and fleet vehicles continues to stay below demand. “By enhancing the site with data streams, we’re also making it smarter.”ĭiscussing 2010 results, the company indicated it witnessed an increase in dealer-to-dealer transactions of more than 14 percent, hitting 76,000 units, which is a new record for SmartAuction. “SmartAuction has helped change how dealers buy and sell used vehicles since its launch in 2000 by making the process easier and faster,” Newman pointed out. “Based on their experiences, many dealers on our Client Advisory Board have told us they also wanted the ability to view valuations on vehicles posted to the site and we are pleased to launch that functionality today in a way that will be intuitive and seamless to the user,” he added.Īnother recent enhancement to the site is the launch of Dealer eVantage, which provides buyer and seller alerts that use real-time information to assist dealers in sorting through the 14,000 daily postings on the site. “Our dealers value the tools and user experience that SmartAuction provides because it enables them to buy and sell used vehicles with ease and confidence from the comfort of their dealerships,” explained Mark Newman, SmartAuction’s managing director. ![]()
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